Warner Bros. Discovery’s Noisy Week, From TCM And ‘The Flash’ To Netflix Talks And CNN Chatter, Highlights Media Giant’s Many Challenges
deadline.comNews kept on churning this week — from Sunday morning until end of Friday — on the Warner Bros. Discovery front. Headlines included big changes at TCM; The Flash‘s disappointing box office; discussions with Netflix for potential HBO streaming license deals; more chatter around the fate of CNN; renewed talk of a music publishing sale; and a glum industry report on cost cutting.
The flurry, which touched virtually every corner of the WBD universe, came as the company announced it will reveal quarterly financial results on August 3.
The report will be the first to provide almost entirely apples-to-apples year-to-year comparisons since the Discovery-WarnerMedia merger closed (on April 8, 2022), ushering in a period of nearly non-stop flux.
There have been cost cuts, layoffs and content write-downs in the service of a promised $5 billion-plus in savings. There have been industrywide shifts in the ad market, the box office and the pay-TV ecosystem.
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